The CEO of Grayscale Investments stressed that despite the fact that large financial institutions consider bitcoin as a high-risk asset, interest in the first cryptocurrency will not fade. Michael Sonnenshine believes that traditional financial institutions must adapt to the changing market environment and implement advanced technologies, including digital currencies. The head of Grayscale stressed that banks should take into account the needs of modern investors who are showing increasing interest in crypto assets. His statements were made in response to a statement by JPMorgan CEO Jamie Dimon, who suggested that American lawmakers ban bitcoin.

Sonnenshain believes that cryptocurrency traders are currently expressing extremely optimistic sentiments. He notes that market sentiment began to change after Grayscale's victory in court over the U.S. Securities and Exchange Commission (SEC). According to the head of the company, the court's decision obliged the regulator to review Grayscale's application to convert the GBTC fund into a spot ETF for bitcoin.

Michael Sonnenshine also notes that a few years ago he spoke about the interest of pension and hedge funds in cryptocurrencies. He expressed confidence that the spread of bitcoin is limited